NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) has recently received FDA clearance for its Evo® sEEG electrode, marking a major milestone for the company. The Evo® sEEG electrode is a thin-film, high-definition electrode that provides clear and accurate recordings of brain activity during neurosurgical procedures.
The Evo® sEEG electrode is a disruptive technology that has the potential to transform the field of neurology. The electrode is designed to be used in conjunction with the company’s OnePass™ technology, which allows for the placement of multiple electrodes in a single pass, reducing the time and complexity of the surgical procedure.
This technology has the potential to make neurosurgery more efficient and effective, improving patient outcomes and reducing healthcare costs. The clearance of the Evo® sEEG electrode is a significant achievement for NeuroOne, as it is the company’s first FDA-cleared product. The company is now in a position to begin commercializing the electrode.
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NeuroOne’s patented technologies have the potential to disrupt the medical device industry, particularly in the field of neurology. The company’s OneRF® Ablation System and Evo® Depth Electrode have the potential to revolutionize the way brain tumors and seizures are treated.
The OneRF® Ablation System is a unique technology that combines radiofrequency energy and a proprietary fluid delivery system to create a localized thermal ablation of brain tissue.
This targeted approach is intended to reduce the risk of collateral damage to surrounding healthy tissue, which can occur with traditional surgical methods. The OneRF® Ablation System has the potential to offer patients a minimally invasive treatment option that could reduce complications and improve outcomes.
The Evo® Depth Electrode is a flexible electrode that is used for intracranial EEG (iEEG) recordings in epilepsy patients. The Evo® Depth Electrode was designed with an innovative design that includes multiple flexible arms, each with four contact points, allowing for a more precise and accurate mapping of brain activity. This technology could help to identify seizure foci with greater accuracy, improving the chances of successful surgical outcomes and reducing the risk of complications.
NeuroOne’s innovative technologies could potentially revolutionize the way neurological conditions are treated, offering patients safer, less invasive treatment options with better outcomes. The company’s technology also has the potential to reduce healthcare costs by shortening hospital stays and reducing the need for repeat procedures.
NeuroOne’s disruptive technologies have the potential to significantly improve patient outcomes while simultaneously transforming the medical device industry.
The company’s technologies can be used in spinal cord and deep brain stimulation, as well as targeted stimulation for movement, psychiatric, and cognitive disorders.
The potential applications for NeuroOne’s technology are vast. In spinal cord stimulation, the technology could be used to treat chronic pain, which affects millions of people worldwide. Deep brain stimulation has been shown to be effective in treating Parkinson’s disease, essential tremors, and dystonia, with the potential for additional applications such as depression and obsessive-compulsive disorder.
Targeted stimulation for movement disorders could be a game-changer in the treatment of neurological disorders. This technology has the potential to enable precise and targeted stimulation of specific regions of the brain, reducing the side effects associated with current treatments.
The platform technology’s versatility also has implications for psychiatric and cognitive disorders. Neurostimulation has been shown to be effective in treating depression, anxiety, and substance abuse disorders. By leveraging its platform technology, NeuroOne can potentially develop therapies for these conditions that are more effective and with fewer side effects than current treatments.
NeuroOne’s platform technology has the potential to address unmet medical needs in a variety of neurological and psychiatric conditions, making it a promising player in the medical device industry.
The market for neurostimulation devices is expected to reach $23.9 billion worldwide by 2030, with potential applications for Parkinson’s Disease, Epilepsy, Essential Tremors, and other neurological conditions. The growing demand for neurostimulation devices can be attributed to the rising incidence of neurological disorders, an aging population, and advancements in technology.
Parkinson’s Disease, which affects over 10 million people worldwide, is a progressive disorder that impairs movement and coordination. Neurostimulation devices, such as deep brain stimulation (DBS), have been shown to be effective in treating the symptoms of Parkinson’s Disease.
Epilepsy, which affects over 50 million people worldwide, is a neurological disorder characterized by recurrent seizures. Neurostimulation devices, such as vagus nerve stimulation (VNS), have been shown to reduce the frequency and severity of seizures in patients with epilepsy.
Essential Tremors, which affect over 7 million people in the US alone, are involuntary movements that can affect the hands, head, and voice. Neurostimulation devices, such as deep brain stimulation (DBS), have been shown to be effective in reducing the symptoms of Essential Tremors.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) is also advancing a pipeline of therapeutic electrode technologies for brain tissue ablation and chronic stimulation use for DBS (deep brain stimulation) and spinal cord stimulation for chronic back pain. These therapeutic electrode technologies represent addressable markets valued between $500 million and $6 billion.
With the potential for NeuroOne’s platform technology to be applied in multiple neurological conditions, the company is well-positioned to capture a significant share of the growing neurostimulation device market. Additionally, the company’s disruptive technologies, such as the OneRF® Ablation System and Evo® Depth Electrode, have the potential to revolutionize the way neurological conditions are treated, further increasing the company’s potential for growth in the neurostimulation device market.
In 2022, the top 10 medical device companies in the world totaled over $188 billion in revenue.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC)’s disruptive technologies and platform potential make the company an attractive partner for larger medical device companies looking to expand their product offerings in the neurology space. The company’s strategy to access the ablation market through additional partnerships leveraging the resources of commercial med tech companies is a testament to its potential for successful collaborations.
Zimmer Biomet, one of the largest medical device companies in the world, has rights of first negotiation with NeuroOne. This partnership provides NeuroOne with the resources and expertise of a well-established company to help bring its products to market and expand its reach.
NeuroOne’s electrode technology has potential applications in a variety of neurological conditions, including epilepsy, Parkinson’s disease, and chronic pain, presenting an opportunity for partnerships with companies developing treatments in these areas. The company’s innovative thin-film electrode technology offers a competitive advantage over current electrode technology and may be of interest to companies looking to differentiate themselves in the market.
NeuroOne’s potential partnerships with larger medical device companies could provide the company with access to greater resources, expertise, and distribution channels, enabling it to accelerate its growth and expand its reach.
NeuroOne’s potential for successful partnerships in the neurology space represents a significant growth opportunity for the company.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC)’s strong advisory board is made up of leading neurosurgeons and anesthesiologists from prestigious institutions such as Mayo Clinic, Duke University Medical Center, and Emory University. The expertise and experience of the advisory board members are critical to NeuroOne’s success in developing and commercializing innovative electrode technologies for neurological conditions.
The advisory board’s members provide NeuroOne with valuable insights and guidance in the areas of product development, clinical research, and regulatory affairs. Their knowledge and experience in the field of neurology help the company to identify unmet needs in the market and develop solutions that address those needs.
The advisory board members serve as key opinion leaders in the neurology space, helping to raise awareness of NeuroOne’s products and technologies and promoting the adoption of these products by their peers in the medical community.
NeuroOne’s strong advisory board represents a significant asset for the company, providing it with the expertise and guidance needed to successfully develop and commercialize innovative electrode technologies for the treatment of neurological conditions.
NeuroOne Medical Technologies Corporation (NASDAQ: NMTC)’s management team has decades of experience in the medical device industry, with a track record of success in product development, marketing, and business development.
Dave Rosa – President and Chief Executive Officer
Meet Dave Rosa, a medical device industry expert with over three decades of experience, spanning a wide range of technologies and products. In addition to his CEO roles with early-stage medical device companies, Dave has held senior positions with leading companies, including C.R. Bard, Boston Scientific, and St. Jude Medical. Dave has been named as an inventor on multiple medical device patents, served on seven corporate boards, and raised $200M in capital markets. He holds an MBA from Duquesne University and a BS in Commerce and Engineering from Drexel University.
Ron McClurg – Chief Financial Officer
Meet Ron McClurg, a financial leader with over 30 years of experience with private and public companies. Prior to joining NeuroOne, Ron was CFO of Incisive Surgical, a medical device manufacturer, and CFO and Treasurer of Wavecrest Corporation, a manufacturer of electronic test instruments. Ron has also held CFO positions with several publicly held companies, including Video Sentry Corporation, Insignia Systems, and Orthomet. He began his career in public accounting with Ernst & Young, where he earned his CPA certificate. Ron holds a Bachelor of Business Administration degree in Accounting from the University of Wisconsin Eau Claire.
Steve Mertens – Chief Technology Officer
Meet Steve Mertens, a product development expert with a passion for innovation. Prior to joining NeuroOne, Steve was Senior Vice President of R&D and Operations at Nuvaira, a lung denervation company developing minimally invasive products for obstructive lung diseases. Before that, he was a Senior Vice President of Research and Development for Boston Scientific, where he guided a wide range of technologies through product development for the cardiology, electrophysiology, and peripheral vascular markets. Steve holds a Bachelor of Science degree in Chemical Engineering from the University of Minnesota and a master’s degree in Business Administration from the University of St. Thomas.
Mark Christianson – Co-Founder, Business Development Director, Medical Sales Liaison
Meet Mark Christianson, a seasoned executive with over 15 years of experience in sales, sales management, marketing, and project management with development-stage companies. Prior to NeuroOne, Mark held the positions of North American Sales Manager for Cortec Corporation, a manufacturer of specialty chemical products, and Regional Sales Manager for PMT Corporation, a leading manufacturer of products for neurosurgery, orthopedics, and plastic surgery. Mark holds an accounting degree from Augsburg College.
The management team’s expertise and experience in the medical device industry provide NeuroOne with the leadership and guidance needed to successfully develop and commercialize innovative electrode technologies for neurological conditions.
Overall, NeuroOne’s experienced management team is a key strength of the company and an important factor in its potential for long-term success.
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